As your browser does not support javascript you won't be able to use all the features of the website. We strongly recommend you to enable the javascript in your old browser's settings or download a new one.

(Reuters) - Marvell Technology Group Ltd is in advanced talks to buy Cavium Inc - a deal that would create a chipmaker worth about $14 billion, Wall Street Journal reported.

Cavium shareholders would receive a modest premium, the report said, citing people familiar with the matter. A deal could be announced in the next few weeks if talks do not fall apart. (on.wsj.com/2zhtov9)

As of Friday’s close, Cavium has a market capitalization of about $4.5 billion, while Marvell had a valuation of over $9 billion.

Neither of the two companies immediately responded to request for comments.

Shares of Cavium were up nearly 13 percent in after-hours trading on Friday, while Marvell’s stock was up about 6 percent.